look news india
Post Office Scheme: If you want to secure your future then investing is very important. Everyone should invest as per their capacity as it works to grow your money. Children at home should also be taught the importance of investment as well as saving from childhood. If you cannot invest a large amount then save small amounts and invest. You can earn big money from this. If you do not want to take any risk with your investment then you can opt for a government scheme.
One such scheme that offers risk-free and assured earnings is the Post Office Recurring Deposit Account. It is also called Post Office RD. This scheme of post office is for 5 years. If you save just Rs 100 daily and invest in it, you can accumulate lakhs of rupees in 5 years.
This is the miracle of saving Rs 100
If you save Rs 100 every day, it will become Rs 3000 in a month. In this way you can invest Rs 3,000 every month in the RD scheme of the post office. 3 thousand per month i.e. Rs 36000 per year will have to be deposited. In this way you will invest a total of Rs 1,80,000 in five years. At present 6.8 percent interest is being given on this scheme. In this way, you will get Rs 34,097 as interest in 5 years and Rs 2,14,097 on maturity. In this way you will be able to accumulate a large amount through small savings. The special thing is that under this scheme of post office, you can open RD account with even Rs 100. Therefore there is no maximum limit for investment in it.
loan facility
You can also take loan against RD account in post office at the time of need. According to the rules, after depositing 12 installments, you can take a loan up to 50 percent of the amount deposited in the account. Loan repayment facility is available in one go or in installments. The interest on loan will be 2% more than the interest on RD. It also has the facility of nominee.
RD can also be increased
If you want to avail the benefit of RD even after five years, then you can extend it for the next five years. An extended account will receive the interest which was applicable at the time of account opening. An extended account can be closed at any time during the extension. In this, the interest rate of RD account will be applicable for the entire year and for the year of less than one year, interest will be given as per the savings account. For example, if you close the extended account after 2 years and 6 months, then in 2 years you will get interest at the rate of 6.7 percent, whereas on the amount of 6 months you will get interest as per Post Office Savings Account. You will get interest from 4%.
Pre-maturity rule
If necessary, you can close the account after three years from the date of account opening. But if you close this account even a day before the maturity period, then you are given the same interest as Post Office Savings Account. At present 4 percent interest is being given on post office savings account.